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Next, describe how the world has changed in terms of global trade in the past 10 years. Based on the assigned readings, what do you think developed countries such as the United States, Japan, Germany, and England will face in terms of competition from emerging markets? What do you see in terms of trade distribution? Is it going to shift from the traditional developed countries to developing and the least developed countries? How will endowments affect the shift?
Support your answers with at least one scholarly reference.
In order for third-degree discrimination to be possible, which of the following features is not required?
A change in the discount rate shifts the supply of reserves. Friedman's theory of money demand is more complex than Keynes's.
Calculate the price elasticity of gasoline. Calculate the price elasticity of demand for gasoline. Calculate the elasticity of supply using the information provided. Calculate the changes in consumer and producer surplus. Because there is no viable s..
A firm has a production function (products of the whole year) given by q = 500 (LK)^1/2 . Wage is $40000 per year and capital rental rate is $90000 per year. (Details and steps required) a. Find the best way to produce 6000 products in a year. What i..
Consider a risk free asset that can be bought (lent) or sold (borrowed) with an interest rate of 75% such that $1 today is worth$1.75 a period later. What is the number of shares (X) to be held in addition to the -$14.29 in the replicating portfolio?..
q1. the sales tax rate applied to all purchases within a state was 0.04 4 percent throughout 2006 however increased to
The market demand curve is given by P = 100 - 4Q. Also, each firm has constant marginal cost equal to 28. There are no fixed costs. How much output will each firm produce in the Cournot equilibrium?
Should one distinguish between economist’s descriptive statements, propositions, and predictions about the world, and their statements about what policies should be adopted?
An excise tax of $2.00 per pound of sugar placed on the suppliers of sugar would shift the supply curve:
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total revenue. Also, compute the maximum amount of total revenue received by t..
Expalin, with the use of demands and supply, the difference between a chance in quantity demanded of hats and a chance in quantity demanded for hats.
A college raises its annual tuition from $28,000 to $30,000 and its student enrolment falls from 4,877 to 4,715. Compute the price elasticity of demand. Is demand elastic or inelastic? Explain and show your work.
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